Everyone's calling Tom Lee #Saylor of Ethereum."
And they're wrong.
He's running a faster, better funded version of Saylor's playbook
In 9 months Bitmine added 4.04% of $ETH total supply.
For context: Saylor took 4 years to hit 3.72% of $BTC
supply.
BitMine ETH stack since July 2025:
Jul 2025: 567k
Aug: 1.71M
Sep: 2.65M
Oct: 3.03M
Nov: 3.65M
Dec: 4.07M
Jan 2026: 4.20M
Feb: 4.42M
Mar: 4.73M
Apr: 4.8M
And here's something that Bitcoin can never match:
70% of BitMine's $ETH
is staked. It earns $180M/yr in protocol yield while it sits.
Saylor had to invent "Stretch" to manufacture yield on BTC.
Tom Lee gets it from the protocol itself.
The flywheel:
Buy ETH → Stake ETH → Earn yield → Buy more ETH
Self-funding. Zero sales. Weekly PRs. "Alchemy of 5%" is the stated goal.
They're 81% of the way there.
So when Tom Lee says $62k ETH, understand what he's actually saying:
"I'm accumulating the asset I think 10x's from here, faster than the most famous Bitcoin treasury did in its first cycle, and my stack pays me to hold it."
That's a position which demands strong conviction.